Weak Chinese economy hampers US investors – Wall Street starts the week on a negative note

Frankfurt Investors on Wall Street have continued to push stock prices higher despite disappointing economic data from China and the US. After initial losses, the Dow Jones index of standard values ​​was up 0.5 percent on Monday at 33,939 points, and the broader S&P 500 gained 0.3 percent to 4,292 points. The index of the technology exchange Nasdaq rose by 0.4 percent to 13,096 points. Bad news is shrugged off, said Michael James of Wedbush Securities.

Easing price pressures in the US last week fueled speculation that the US Federal Reserve might slow the pace of the rate hike cycle, boosting stock prices. High growth company stocks benefited from lower US Treasury yields. The papers of the electric car manufacturer Tesla advanced three percent, the Google mother Alphabet and Microsoft each gained 0.3 percent.